What Is The Best Mutual Fund.......?

Question

.....to get into right now. I don't know much about them, but want to start putting money in. Which has the best rate of return?

Answer 1

As a general rule, people that "chase" the highest performing or "best" Mutual Funds get burned.

As a "newbie" I know that's hard to understand. Think of this;
If there was really a "best" mutual fund to get into right now...... everyone would be getting into it!

What's worse? Looking to strangers who you can't verify their qualifications or motives for investment advise.

"Tips" are the last thing you want. Good investors never act on tips alone... in fact most (me included) avoid them like a serious disease.

The only tools you really need are knowledge and time. Make an effort. Learn as much as you can in the next year or so. Successful traders understand what they're getting into, why and have an exit strategy. Without them you'll get burned.

Consider yourself warned.
Good luck!

Answer 2

Check out the no load funds offered by T Rowe Price, Vanguard and American Century. You have to decide on how much risk/reward tolerance you have (if you are a long way away from needing the invested money then you can take greater risks) and then depending on how much money you have to invest you should diversify as much as possible to counter balance ups and downs of weekly market. There are a number of great funds out there with good returns.... take a look at T R Price Latin America fund, Emerging Markets, and Media Telcom New Asia and New Era. At Vanguard check out Emerging Markets and Global Equity. At American Century check out International fund.

Stay away from Front end and back end loaded funds, you really get hammered by them (as indicated when you buy or when you sell), also look at the turnover rate as this will impact the overall " hidden" fees of the fund.

My current diversification by Sector looks like:
0.66% Biotechnology
8.57% Business Services
5.94% Consumer Goods/Staples
7.04% Consumer Services
13.53% Energy
16.94% Financials
2.16% Hardware
8.59% Health
18.90% Industrial Materials
0.00% Materials
3.05% Media
3.26% Pharmaceuticals
0.69% Software
8.24% Telecommunications
2.42% Utilities

My current diversification by Region/County is:
EMG MID-EAST LA EUR AP USA
2.59% 0.95% 10.53% 36.77% 17.53% 31.95%

CANADA 1.66%
Good luck

Answer 3

The best mutual funds are the ones with the lowest costs. For that, www.vanguard.com and ww.fidelity.com are the premier choices.

For a free book on investing, check out http://www.invest-for-retirement.com